US higher ed sees small increase in state and local funding

April 22, 2014

A new report released by US-based State Higher Education Executive Officers found that state and local funding for higher education increased 0.7% from 2012 to 2013. The “State Higher Education Finance Report” for 2013 also revealed that enrolment in US public institutions dropped by 2.4%. Tuition saw increases as well, with net tuition—gross tuition minus state and institutional financial aid—increasing by 3.5% from 2012 to 2013. Although the national average indicates an increase, many states did decrease funding for PSE, with only Alaska, Illinois, North Dakota, and Wyoming increasing tax dollars for public higher education from 2008 to 2013. Educational funding per full-time student has fallen significantly since the start of the recession in 2008, with New Hampshire seeing a decrease of more than 50%, and Florida and Louisiana seeing decreases of more than 40%. The Chronicle of Higher Education | Full Report